NBO Named Best Bank for Digital Banking Services in Oman 2024 - Middle East Business News and Information
Aligned with Oman Vision 2040, NBO has launched NBO Fintech Accelerator Programme and NBO Hackathon to support Oman's economic growth, innovation, and economic diversification by nurturing start-ups and promoting sustainable business growth. The programme fosters the fintech sector, reduces reliance on traditional industries, and stimulates entrepreneurship through resources, mentorship, and financing. It also generates job opportunities and positions the region as a hub for innovation and technology, attracting foreign investment.
As a pioneer in digital banking, NBO remains committed to evolving its services to meet customer needs and fostering Oman's tech and entrepreneurial landscape. Comprehensive details on NBO's accounts, products, and exclusive offers are accessible at http://www.nbo.om, directly through the NBO Call Centre at 24770000, or via the user-friendly NBO app.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
See - Sada Elbalad
7 hours ago
- See - Sada Elbalad
Gold Steadies as Markets Await Fed Chair's Speech at Jackson Hole
Waleed Farouk Global gold prices witnessed relative stability on Tuesday, supported by a weaker U.S. dollar and declining Treasury yields, as investors awaited Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium, alongside monitoring geopolitical developments related to the Russia–Ukraine crisis. In the local market, gold prices rose by about 10 Egyptian pounds compared to Monday's close, with 21-carat gold reaching 4,540 pounds per gram. Meanwhile, the ounce gained $7 to trade at $3,340. The 24-carat gram stood at 5,189 pounds, 18-carat at 3,891 pounds, and 14-carat at 3,027 pounds, while the gold pound coin was priced at 36,320 pounds. This mild rebound followed Monday's decline of around 10 pounds domestically, when gold opened at 4,540 pounds and closed at 4,530 pounds, while the ounce slipped from $3,336 to $3,333. Dollar and Treasury Pressure The modest uptick in gold coincided with a 0.1% decline in the U.S. Dollar Index, which boosted the yellow metal's appeal to non-U.S. investors. U.S. Treasury yields also showed relative stability, with the 10-year yield standing at 4.324% and the 2-year yield easing to 3.761%. This reduced the opportunity cost of holding gold, a non-yielding asset. Focus on Jackson Hole Market attention is now fixed on the Federal Reserve's July meeting minutes and Powell's much-anticipated speech at the Jackson Hole symposium scheduled for August 21–23. This event is seen as particularly significant, as it is expected to provide fresh signals on future monetary policy, especially regarding inflation and the labor market, directly shaping September's interest rate expectations. The CME FedWatch tool indicates an 83% probability of a 25-basis-point rate cut next month. Geopolitical Risks On the political front, the White House summit between U.S. President Donald Trump, Ukrainian President Volodymyr Zelensky, and key European leaders added another layer of anticipation. Although the talks showed some diplomatic progress, the absence of a concrete ceasefire agreement left uncertainty elevated, supporting gold's role as a safe-haven asset. Trump also mentioned preliminary talks with Russian President Vladimir Putin over a potential trilateral summit, reaffirming Washington's commitment to working with European partners on long-term security guarantees for Ukraine. Bank and Institutional Outlooks Major financial institutions have raised their gold forecasts. UBS adjusted its targets, projecting the ounce to reach $3,600 by March 2026 and $3,700 by mid-2026, driven by stronger demand from central banks and investment funds. Goldman Sachs maintained its bullish outlook, forecasting $3,700 by the end of 2025 and $4,000 by mid-2026. These projections are underpinned by continued dollar weakness, mounting macroeconomic risks, and the growing role of central banks in boosting gold demand. U.S. Economic Indicators Recent U.S. economic data presented a mixed picture: while retail sales were strong, reflecting resilient consumer spending, confidence indicators weakened, with long-term inflation expectations on the rise. This suggests growing caution among American households. Consequently, markets have scaled back expectations for aggressive monetary easing, though a September rate cut remains the most likely scenario. According to a Reuters poll on August 15, 67 out of 110 economists expect a quarter-point rate cut next month, while 42 predict no change, and only one foresees a half-point cut. Markets now await tomorrow's release of the Fed minutes, followed by Powell's Friday speech at Jackson Hole. Any hints of monetary easing will act as a direct catalyst for gold's rise, while the yellow metal continues to benefit from global geopolitical uncertainty, maintaining its position as a strategic investment asset in turbulent times. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 Videos & Features Story behind Trending Jessica Radcliffe Death Video News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News The Jessica Radcliffe Orca Attack? 100% Fake and AI-Generated
Egypt Independent
5 days ago
- Egypt Independent
The EU nearly triples entry fee for visitors, before it even starts
The must-have travel accessory du jour is a big fat wallet. You likely have heard about the United States introducing a new $250 'visa integrity fee' for international visitors. The European Union has also been busy on the travel fee front, recently raising its upcoming European Travel Information and Authorization System (ETIAS) fee from 7 to 20 euros (about $23). The fee will apply to non-EU nationals from visa-free countries — so that means the US, the UK, Canada, Japan and more — and the plan is for it to be up and running by late 2026. The European Commission attributes this hefty increase to rising inflation, additional operational costs — and also to bringing it in line with other travel authorization programs, such as ESTAs in the US (with a price tag of $21) and ETAs in the UK. The UK hiked up the cost of its Electronic Travel Authorisation (ETA) in April, going from £10 to £16 (also around $21). Living the dream Making a permanent move to another country proved just the change these Americans needed. Retired US veteran Christopher Boris was struggling to cope with the rising cost of living, so in 2024 he and his wife Maria Jesus moved from Maryland to Brazil. 'I could not afford the American Dream,' Boris tells CNN. 'But here, it's not about making money. It's establishing other factors, like friendships.' Janet Blaser, originally from New York, relocated from California to Mexico nearly two decades ago. As a single mother of three 'living paycheck to paycheck,' she says she always felt like she 'didn't have enough.' She started a magazine business and got herself a permanent resident visa. 'I feel like I succeeded here,' she tells CNN. 'I've given myself a wonderful life.' Nashville woman Linda Leaming was blown away by the beauty of the Kingdom of Bhutan when she visited in 1994. 'I knew I wanted to spend the rest of my life here,' she tells CNN. Three years later, she made the move, and has since found love and happiness in the Himalayas. 'Moving to Bhutan taught me to live mindfully,' she says. Aviation history The de Havilland DH106 1A Comet was the world's first passenger jet. It was the height of 1950s luxury — but it was also a death trap with a fatal design flaw. Now it's been brought back to life. Read its incredible story here. Not long before the Comet took to the skies, a 20-minute flight between Hong Kong and Macao became a record-breaker in a different way. The world's first airplane hijacking took place on the Miss Macao seaplane in 1948. The goal? Rob the passengers and then hold them for ransom. Finally, aviation fans passing through Budapest would do well to squeeze in a visit to Budaörs, a beautiful but forgotten Bauhaus airport that's an aviation time capsule. It's been operating continuously since 1937, with its grassy airfield now used by hobby pilots, private planes and helicopters. Escalator etiquette China is telling its 1.4 billion people to abandon the nearly universal practice of 'stand right, walk left' on escalators. Instead, authorities are offering what they say is a safer and better alternative. Might the experiment catch on elsewhere? Watch the video and see what you think. If you're hitting the city streets, comfortable walking shoes are always a necessity. Our partners at CNN Underscored, a product reviews and recommendations guide owned by CNN, have a guide to the best, according to podiatrists and shoe experts.
Mid East Info
5 days ago
- Mid East Info
Dubai Maritime Authority Participates in Workshop in Collaboration with the Marine Leisure Association - Middle East Business News and Information
Majestic colorful dubai marina skyline during night. Multiple tallest skyscrapers of the world. Dubai marina, United Arab Emirates. Dubai Maritime Authority participated in a specialized workshop titled 'Marine Leisure Association Workshop', attended by a distinguished group of representatives from Dubai's maritime entities. The workshop aimed to elevate the role of marine leisure as a key contributor to the growth of Dubai's tourism and maritime sectors. This participation aligns with the Authority's ongoing commitment to fostering effective partnerships between public and private sectors to advance the marine and leisure industries. Mohammed Walid Nabhan, Director of Maritime Excellence and Compliance at Dubai Maritime Authority, highlighted the ongoing efforts by the Ports, Customs, and Free Zone Corporation—represented by Dubai Maritime Authority—to enhance maritime infrastructure and services, ensuring a safe and attractive marine environment that supports maritime tourism and meets the aspirations of residents and visitors. During the workshop, DMA representatives showcased recent achievements in the maritime sector, providing detailed insights into Dubai's territorial waters, anchorage areas, and marine leisure zones. The Authority's presentation was met with positive engagement, reflecting the high level of recognition Dubai enjoys both regionally and internationally, and reinforcing its strong presence in specialized maritime forums. Nabhan also emphasized the significant progress made through the Authority's adoption of smart and developmental initiatives that have directly enhanced sector efficiency and user experience. These efforts include the launch of the 'Rosoom' e-payment system, the integration of payment methods such as AMEX and Apple Pay, and the activation of self-service options via WhatsApp and smart kiosks. Additionally, the Authority has automated the Marine Crew Evaluation Booking process, reducing manual intervention and achieving high operational efficiency. Hamed Ali Hassan, Director of Maritime Registration at Dubai Maritime Authority, emphasized the importance of participating in such workshops to exchange knowledge and share best practices that highlight the continued efforts of legislative bodies—particularly Dubai Maritime Authority—in enhancing regulatory frameworks. The Authority also presented its outstanding performance over the past year, which has bolstered Dubai's position as a regional and global leader in maritime services. Hassan stressed that the Authority places strong emphasis on the regulation of marine leisure activities, urging users to obtain prior permits from the relevant authorities that manage or own private areas. He also highlighted the importance of avoiding obstruction of navigational paths or disturbing other sea users. The Authority enforces restrictions on access to Dubai Water Canal for certain marine vessels to maintain user safety and ensure smooth navigation. He added: 'We are continuously updating systems and services to ensure a smart, safe, and advanced marine environment that meets user expectations and supports the sector's sustainability. We emphasize the need for proper regulation of marine leisure activities and obtaining the required permits to avoid practices that may negatively impact maritime safety'. Dubai Maritime Authority continues to pursue its strategic vision to transform Dubai into a global hub for innovation and sustainability in the maritime sector through initiatives focused on marine environmental protection, biodiversity enhancement, and the creation of a safe, future-ready marine ecosystem for all users.
